Market analysis: Ethereum or the new leader of the cost round market
Industry news
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Industry news
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1. ETC Group will launch Ethereum ETP on Deutsche Börse.
2. The CPA report shows that the French central bank is considering Ripple and XRP as a platform for issuing digital euros.
3. 500.com will change the name of its Chinese business to "Bit Mining".
6. Chip giant AMD may launch a graphics card for Ethereum mining.
BTC market analysis
7. German Donner & Reuschel Bank will provide encrypted custody services.secondary titleBTC market analysis
BTC completed stepping back on the 30-period moving average of 49322 in the 4H period yesterday and then pulled up, and completed the upward movement of the center of gravity at the bottom of 48000, which meansSubsequent adjustments The balance range of the support anchor point was raised to around 50,000
s position.
Because the balance of BTC will at least not bring pessimism to the market, if the balance cannot be maintained, the subsequent pessimism of the entire market will spread to small currencies, and the mid-term industry optimism cannot be maintained, and the entire market may face certain challenges. mid-cycle downturn.
ETH market analysis
Of course, this is the last state we want to see. Fortunately, the money printing machines on the west coast of the Pacific Ocean are increasing their printing speed, so that there is still a basis for supporting the entire market anchored by USDT-BTC, so we can at least With a cautiously optimistic attitude, we continue to be optimistic about the encryption market led by BTC.
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ETH market analysis
"News drives emotions, emotions drive market behavior, market behavior drives up currency prices, currency price rises stimulate emotions, and emotions continue to transform into market behaviors to drive up price comparisons." This is the role of fundamentals and news levels, forming a reflexive Positive pushes the circulation towards the lather.
LTC/XRP/EOS/BCH/ADA market analysis
ETH will replace BTC as the market leader in the short to medium term.secondary title
This stage has certain speculative configuration logic, but the long-term value is not optimistic.
DOT/KSM market analysis
When the ADA market behaved like this, it is still not moving at all. It seems that Zhuang's goods are almost sold out. Be cautious of this kind of behavior that the entire rising process is heavy volume, and the volume is continuously increased in the later stage of the rise.
secondary titleDOT/KSM market analysisDOT walked out of the form of BTC’s shrinking ten thousand arrows piercing the heart the day before yesterday, and the subsequent upward trend has almost become settled. At present, the DOT balance market is in a state of shrinking, which shows that the process of consolidation and washing is very thorough. It's almost time for the group of people to leave.
Subsequent pulls will be a little easier, but
The mastery is still in the hands of Zhuang with a high probability, otherwise the whole trend will not be relatively balanced so well.
However, there are some strange things in the process of callback from 38 to 31 before. It does not rule out the possibility of a certain large household or a few large households leaving the market collectively, nor does it rule out the dealer's deliberate dishwashing behavior.
There may be a wave of gains in the follow-up trend, but this wave of gains should be cautious, especially the trend after the new high.
